Question: Please help me solve this assignment in EXCEL FORMAT. If you could provide STEP - BY - STEP INSTRUCTIONS of how to input each piece

Please help me solve this assignment in EXCEL FORMAT. If you could provide STEP-BY-STEP INSTRUCTIONS of how to input each piece of the problem into an excel file (5 worksheets for each answer for example) that I could follow along to, I'd very much appreciate that. If you can create a solved excel file that I could download that would also work as well, but most importantly, I need to see exactly how to do it on excel so I could do it myself. Very important! Thank you!!!!
Problem 1:
A supplier needs to supply 10 retailers (indexed as i=1,dots,10). In each day, each retailer i has
probability pi=0.7 to place an order (to the supplier), with order quantity Di following a discrete
uniform distribution U{1,cdots,10}. Retailers' ordering decisions are independent of each other. The
supplier's unit production cost is $1K per unit. In each day, the supplier first produces x=50 units of
the product at unit cost $1K; then it receives all the orders from the retailers and satisfies them as much
as possible. The wholesale price is $10K per unit, and each unit of leftover costs the supplier $1K to
dispose. Let V(x) be the supplier's expected daily profit under production quantity x. Assume sample
sizeN=365.
1. What is the distribution (histogram) of the daily total order quantities received by the supplier?
Plot it.
2. What is the 90% confidence interval of the expected daily profit for the supplier?
3. What is the probability that the supplier experiences shortage? What is the probability that the
supplier has leftover?
4. What is the quantity x* that maximizes the supplier's expected profit? Graph V(x) against x to
support your conclusion.
5. When the retailers consolidate their orders, they can get the discounted wholesale price $7K.
They coordinate their ordering process as follows: in each day, each supplier i first observes their
individual demand DiU{1,dots,10}. Then if the consolidated demand i=110Di35, all orders
will be placed; otherwise, no order will be placed. The supplier's operation and other parameters
remain the same. In this case, what is the profit-maximizing production x* for the supplier?
Please help me solve this assignment in EXCEL FORMAT. If you could provide STEP-BY-STEP INSTRUCTIONS of how to input each piece of the problem into an excel file (5 worksheets for each answer for example) that I could follow along to, I'd very much appreciate that. If you can create a solved excel file that I could download that would also work as well, but most importantly, I need to see exactly how to do it on excel so I could do it myself. Very important! Thank you!!!!
 Please help me solve this assignment in EXCEL FORMAT. If you

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!